Coursera, Inc. (NYSE:COUR) Given Average Rating of “Moderate Buy” by Brokerages

Coursera, Inc. (NYSE:COUR – Get Rating) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $25.00.

A number of equities research analysts have recently issued reports on COUR shares. DA Davidson reduced their price target on shares of Coursera from $29.00 to $16.00 in a research report on Thursday, July 28th. Needham & Company LLC cut their price objective on Coursera from $32.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, July 28th. Stifel Nicolaus downgraded Coursera from a “buy” rating to a “hold” rating and cut their price objective for the stock from $26.00 to $14.00 in a research report on Thursday, July 28th. Royal Bank of Canada cut their price objective on Coursera from $50.00 to $40.00 in a research report on Thursday, April 28th. Finally, Citigroup cut their price objective on Coursera from $45.00 to $40.00 in a research report on Thursday, July 28th.

Insiders Place Their Bets

In other news, SVP Mustafa S. Furniturewala sold 4,166 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $14.00, for a total transaction of $58,324.00. Following the completion of the sale, the senior vice president now directly owns 187,339 shares in the company, valued at approximately $2,622,746. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Andrew Y. Ng sold 40,000 shares of the company’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $15.36, for a total transaction of $614,400.00. Following the completion of the sale, the director now directly owns 7,480,398 shares in the company, valued at approximately $114,898,913.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mustafa S. Furniturewala sold 4,166 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $14.00, for a total value of $58,324.00. Following the sale, the senior vice president now owns 187,339 shares of the company’s stock, valued at $2,622,746. The disclosure for this sale can be found here. In the last three months, insiders sold 359,270 shares of company stock valued at $5,670,402.

Institutional Trading of Coursera Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Coursera in the 2nd quarter valued at $491,000. Renaissance Technologies LLC increased its holdings in Coursera by 192.3% in the 2nd quarter. Renaissance Technologies LLC now owns 421,200 shares of the company’s stock valued at $5,973,000 after purchasing an additional 277,100 shares in the last quarter. American International Group Inc. increased its holdings in Coursera by 45.6% in the 2nd quarter. American International Group Inc. now owns 52,786 shares of the company’s stock valued at $749,000 after purchasing an additional 16,525 shares in the last quarter. Northern Trust Corp increased its holdings in Coursera by 43.3% in the 2nd quarter. Northern Trust Corp now owns 951,069 shares of the company’s stock valued at $13,487,000 after purchasing an additional 287,327 shares in the last quarter. Finally, FMR LLC increased its holdings in Coursera by 187.5% in the 2nd quarter. FMR LLC now owns 2,366 shares of the company’s stock valued at $34,000 after purchasing an additional 1,543 shares in the last quarter. 78.93% of the stock is currently owned by institutional investors and hedge funds. Coursera Trading Up 2.5 %

COUR stock opened at $13.99 on Friday. The firm has a 50 day moving average of $15.28 and a 200-day moving average of $17.92. Coursera has a 12-month low of $10.71 and a 12-month high of $40.00. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -11.86 and a beta of 1.30.

Coursera (NYSE:COUR – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.03). Coursera had a negative net margin of 35.70% and a negative return on equity of 22.81%. The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $130.90 million. During the same quarter in the previous year, the business posted ($0.35) earnings per share. Coursera’s revenue was up 22.2% on a year-over-year basis. Sell-side analysts forecast that Coursera will post -1.1 earnings per share for the current fiscal year.

About Coursera

(Get Rating)

Coursera, Inc operates an online educational content platform that connects learners, educators, organizations, and institutions. It offers online courses that include data science, business, computer science, information technology, health, social sciences, logic, project management, and digital marketing services; campus student plans; degree courses; and certification education.

Recommended Stories

Receive News & Ratings for Coursera Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Coursera and related companies with MarketBeat.com’s FREE daily email newsletter.